Funds will support national expansion; the company expects to have about a dozen kiosks at OC-based golf courses by year’s end, according to co-founder and CEO Tyler Gottstein.
Cadi has generated over $1 million in pilot testing sales since its inception in 2016, and it has signed letters of intent from 63 golf courses with a combined reach of 250,000 golfers.
Gottstein said he came up with the idea for Cadi after purchasing golf clubs for himself. He tested the clubs by hitting balls into a net. When he took the clubs out on the golf course, he found it was difficult to hit the balls.
The company, registered as NeoCaddie Inc., plans to build an e-commerce platform so that golfers can shop for clubs on their phone and go as far into the buying process as they’d like online.
Cadi carries a variety of products such as drivers from TaylorMade, Callaway and Titleist.
The company generates revenue via product and rental sales and a customer subscription model. It pays a percentage of its sales to golf courses in exchange for real estate.
Under the terms of the deal, Gold Leaf said it will pay up to $1.7 million in cash and stock.
Fifth & Root manufactures and sells a collection of seven hemp-based tinctures, oils, cleansers and moisturizers that range from about $29 to $98.
Its products are available in over 425 retail locations throughout the U.S. including Anthropologie, Nordstrom, Ulta Beauty and Urban Outfitters stores.
Fifth & Root was founded in 2018 by cosmetics chemist Vanessa Florentino and Max Koby, who is also the co-founder and CEO of Irvine-based cannabis research firm and terpene distributor Abstrax.
“As Golden Leaf continues to expand their footprint, we hope that this new partnership will allow them to provide innovative CBD products nationwide through the largest and best beauty retail partners in the country, to consumers looking for clean beauty products that harness the power of botanicals,” Koby said.
Golden Leaf is one of the largest cannabis operators in Oregon with seven dispensaries and over 160 employees.
The Aliso Viejo-based software developer offers manufacturing and supply chain management tools to several large companies in the food and beverage industry. It is now in the process of scaling to companies in pharmaceutical, automotive and aerospace sectors.
In his new role, Ladd will lead companywide sales, channel partnerships and business development. He was previously a vice president of sales at enterprise data and analytics firm Stardog.
“Greg’s proven leadership will continue ThinkIQ’s momentum in helping our customers become more profitable and more competitive through the use of our platform,” Chief Executive Doug Lawson said.
ThinkIQ raised an $11.6 million Series A round of financing in November. It is funded by Backers Ecosystem Integrity Fund, Bonfire Ventures, Sino Capital, ArcTern Ventures and Hitachi Ventures.
“Digital Motors revolutionizes the online car-buying experience for consumers while unlocking efficiency and profitability for dealerships,” Ford said in a statement.
Ford was most recently vice president of corporate finance for automotive supplier Superior Industries. He has also held positions at Sorenson Capital Partners, VMWare and Wells Fargo Securities.
Digital Motors launched its online store offering last March and recently expanded to Canada.
The company, helmed by Andy Hinrichs, the former founder and CEO of Irvine-based AutoGravity, raised a $10 million Series A round earlier this year. Investors include DN Capital, Autotech Ventures and the investment arm of Jaguar Land Rover.
The Newport Beach-based company said Allocell AF offers osteoinductive and osteoconductive fibers that creates cellular highways for easier cell attachment and promotes the bone healing process.
Rishi Wadhwa of Specialists Hospital in Louisiana performed the first Allocell AF implantation on a spinal fusion patient.
“The excellent hydration, handling, consistency and structural characteristics of Allocell AF give me the confidence that I will obtain successful patient outcomes,” Wadhwa said.
Ventris is led by a successful entrepreneur in the field of biologics, Russell Cook. He previously founded and sold Newport Beach-based Radius Medical to NuVasive for about $18 million in 2007. He then launched Newport Beach-based BioStructures, which was acquired on undisclosed terms by Bioventus in 2015.
The toothbrush includes a four-tiered tongue cleaner that is designed to scrape debris off the surface of the tongue and retails for $14.95.
The product is the first of several aimed at intuitively reminding users that daily brushing, tongue cleaning and oral health matters, according to Bao Tea founder Bao-Thy Grant.
“Because research links a healthy mouth with our overall health, my mission is to help people stop undervaluing their oral hygiene and realize it is a key part of our general health and wellbeing,” Grant said.
Grant is the oral and maxillofacial surgeon of the Anaheim Ducks.
She is the also co-owner of the Center for Oral Reconstruction and Education in Orange and has privileges at Children’s Hospital of Orange County and St. Joseph Hospital of Orange.
